Multi-Timeframe Trend Pullbacks with a Lorentzian-Style Indicator Score
Summary
This 30-minute swing strategy combines daily and two-hour directional filters with local entry signals. It assesses trend using moving averages, RSI, and MACD across timeframes, then scores bullish or bearish conditions from RSI, WaveTrend, CCI, ADX direction, MACD momentum, and price relative to short moving averages. Entries can follow a recent pullback and reclaim or rejection, or continue a strong aligned trend. A mode setting changes the minimum score and how strictly higher-timeframe bias must agree.
Additional rules seek to avoid compressed, weakly trending ranges, overly extended prices, and repeated entries through cooldowns. The script includes ATR-based emergency and trailing stop settings, maximum and minimum holding periods, and an optional no-progress exit framed as theta protection. It presents a detailed rule set, but the supplied source is incomplete and contains no backtest results, option contract selection, or evidence that the signals predict option returns. The indicator score is a threshold tally, not a demonstrated statistical model.
Key ideas
- Daily and two-hour trend conditions guide the direction of 30-minute trades.
- A tally of momentum and trend indicators must reach a mode-dependent threshold.
- Entries use recent pullbacks or strong trend continuation, with checks for reclaim, rejection, and price extension.
- A chop filter blocks weak, compressed ranges unless price breaks out with momentum.
- ATR stops, holding-period rules, cooldowns, and an optional no-progress exit manage open positions.
- The source excerpt provides no performance evidence or details for choosing option contracts.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.